Associate Manager, Field Compensation at Prudential Ins Co of America in Newark, New Jersey

Job Description:

Job Classification:

At Prudential, we believe talent is key to achieving our vision. When you join Prudential, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading financial services institutions!

Associate Manager of Sales/Distributor Compensation Administration to support the design, implementation, and administration of our distribution partner sales compensation plans.

The current employee work arrangement for this position is Fully Virtual. While this position may not require your on-site presence on a regular basis, depending on business preferences, there may be occasions where you are required to be on-site at a Prudential office.

Key Responsibilities:

• Sales Compensation Design: Assist in the design and implementation of sales compensation plans that drive performance and align with organizational goals. Collaborate with team members to evaluate the effectiveness of existing compensation programs.


• Administration and Reporting: Assist in the administration of sales compensation programs, including commission calculations, incentive bonus payments, and adjustments. Ensure timely and accurate reporting of compensation-related metrics and analytics to key distributors.


• Data Analysis: Assist in identifying trends, insights, and opportunities for process improvement. Prepare reports and presentations for Comp Operations personnel, highlighting key findings and recommendations.


• Process Improvement/Controls: Assist in the Identification and implementation of control procedures to enhance the efficiency and effectiveness of the sales compensation process. Collaborate with cross-functional teams to streamline workflows, create controls, and resolve issues that surface during the normal course of business.


• Policy Development: Support the development and communication of sales compensation policies and guidelines to ensure clarity and consistency across the organization. Provide information to sales teams regarding compensation plans and processes. Compliance and Audit: Work with Manager to ensure compliance with internal policies and external regulations related to sales compensation. Assist in internal audits and support the resolution of any identified issues.


• Cross Functional Collaboration: Assist Sales Relationship managers in the resolution of compensation-related inquiries. Collaborate with the Product team, finance team, and sales operations regarding new products and compensation features.

What you’ll need:

• Four Year degree (mathematics, finance, computer science) preferred or equivalent military or life experience.


• Excel skills to include modeling, formulas, and data parsing functions.


• Proven financial / data analytics with extreme attention to detail.


• A high degree of professionalism and strong work ethic coupled with a sense of responsibility and integrity.


• Discretion required in handling highly sensitive and confidential information in a respectful and confidential manner.


• Ability to interpret documented plans into repeatable, auditable, controllable processes.


• Project Management experience.

It’d be a plus if you had:

• An understanding of the Individual Life Insurance business.


• Strong initiative, self-motivation, good judgement, and the ability to multi-task.


• Work collaboratively and with various levels in the organization.


• Strong organization and time management skills


• Ability to work independently with minimal direction, work under tight time constraints, and be able to prioritize work.


• Solid partnering skills and team player a must.


• Willingness and/or desire to learn Tableau Business Intelligence and Analytic Software.


• Strong interpersonal and communication (oral and written) skills to deliver quality support to partners.

Prudential welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

At Prudential, you can:

People who have successfully developed their skills in this role have gone on to be promoted within Human Resources and Operations positions.

We equip and empower our employees to expand their skills and experience by using powerful learning, gigs, and job opportunities. We offer a suite of services including 1:1 Career advice, on demand resources and networking to propel your career forward.

We’re a global organization, full of outstandingly dedicated people who aren’t afraid to think differently, challenge the status quo and take sensible risks along the way. You will enjoy pushing boundaries as we build innovative technology that helps clients, customers and employees live their best lives. You will have access to leadership and learning opportunities and the resources needed to take your career in any direction. We will help you do your best work, offering flexibility, while delivering on our Purpose.

What we offer you:

• Market competitive base salaries, with a yearly bonus potential at every level


• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.


• Retirement plans:


• 401(k) plan with company match (up to 4%)


• Company-funded pension plan


• 
  Wellness Programs to help you achieve your wellbeing goals, including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.


• 
  Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.


• 
  Tuition Assistance to help finance traditional college enrollment toward obtaining an approved degree, many accredited certificate programs, and industry designations.


• 
  Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service.

To find out more about our Total Reward package, visit Work Life Balance | Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.

#LI-MG1

Note: Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $90,100.00 to $134,100.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits. Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law. 

The Prudential Insurance Company of America, Newark, NJ and its affiliates.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.

PEOPLE WITH DISABILITIES:
If you need an accommodation to complete the application process, which may include an assessment, please email accommodations.hw@prudential.com.

Please note that the above email is solely for individuals with disabilities requesting an accommodation.  If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.